IFM Investors head of large cap active equities Lachlan Davis said the team sought to “build on its strong start”.

“We have engaged with investors and asset consultants and have been encouraged by the interest in all three products. Investors have been attracted to our consistent returns, differentiated style and lower correlation with peers,” he said.

“We have a limited amount of foundation capacity that we expect to be taken down quickly.”

The mandate comes after IFM Investors expanded its active equities team earlier in the year with the appointment on nine large cap investment professionals, mostly based in Sydney, the company said.

“The team uses a ‘Smart Quant’ investment approach, which combines the power and breadth of a quantitative approach with the judgment and skills of fundamental analysis,” added IFM Investors head of active equities Neil Carter.